Südzucker AG/€SZU

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About Südzucker AG

Südzucker AG is a diversified company operating primarily in the food manufacturing industry, with its core business focused on sugar production. The company engages in the production and sale of sugar, bioethanol, and functional food ingredients, as well as fruit-based products. Founded in 1926, Südzucker has grown to become one of the major sugar producers in Europe, headquartered in Mannheim, Germany. The company maintains a significant presence across multiple European countries, ensuring a broad geographic footprint. Südzucker's strategic positioning is bolstered by its focus on sustainability and innovation in its production processes, aiming to meet evolving food industry demands.
Ticker
€SZU
Primary listing
XETRA
Employees
18,991
Headquarters
Mannheim, Germany

Südzucker AG Metrics

BasicAdvanced
€2.5B
-
-€1.75
-0.22
-

Bulls say / Bears say

Südzucker showed early operational recovery in fiscal Q1 2026/27: operating EBITDA rose 40.6% year over year to €135 million, operating result more than doubled to €62 million, and the sugar segment reduced its negative EBITDA to €21 million from €34 million. (TradingView—Reuters feed)
CropEnergies and starch provide meaningful earnings diversification: in Q1 2026/27, CropEnergies EBITDA increased to €24 million from €4 million and starch EBITDA rose to €20 million from €15 million, helped by higher ethanol prices, lower raw-material costs and improved margins. (TradingView—Reuters feed)
Management expects a significant ROCE improvement in fiscal 2026/27 and maintains an operating-EBITDA target of €480–680 million; the fruit segment also remained resilient, increasing fiscal 2025/26 operating result to €105 million from €102 million despite lower juice-concentrate sales. (Südzucker)
Südzucker’s fiscal 2025/26 performance deteriorated sharply: revenue fell to €8.35 billion from €9.69 billion, operating EBITDA dropped to €535 million from €723 million, and operating result declined to €163 million from €350 million. (Südzucker)
The core sugar segment remains a major drag: fiscal 2025/26 revenue fell to €2.79 billion and the segment posted a €177 million operating loss, driven by lower sugar prices, weaker volumes and unexpectedly high European beet output. (Südzucker)
The recovery is exposed to substantial downside risk: S&P Global Ratings assigned Südzucker a negative outlook, while the company flags volatility from Ukraine-related imports, Mercosur trade openings and broader tariff disruptions. (S&P Global Ratings)
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2026.

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